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Budget & Finance
Operating a city the size of Moorhead, Minnesota, is a big business
that demands substantial resources to provide services for our citizens.
Our City Council maintains its commitment to maintaining the highest
possible level of service with minimal need to increase the real
estate tax.
For a brief overview of government finance click the link below:
Money In Moorhead
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Truth in Taxation Presentation (12-5-11)
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The Mayor and City Council received a report from City staff on December 5, 2011 regarding the 2012 Truth In Taxation Budget. A copy of the PowerPoint presentation can be found below.
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| 2012_TNT_BUDGET_Presentation.pdf |
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Taxes & City Budgets
Moorhead's City
Council has final authority for adopting the City's annual budget-reflecting
Moorhead's priorities for the programs
and services the City provides-and establishing the property tax
levy.
Each real estate tax dollar collected in Moorhead is apportioned
to several government units. The City of Moorhead receives 23 cents
of each dollar you pay in real estate taxes.
Sources of City Revenue
Real estate taxes are one of the chief sources of revenue for the
City. In addition, the City of Moorhead receives funds from the
State of Minnesota in the form of local government aid and homestead
credits. Additional revenues are generated by other means, including
utility transfers, licenses, permit and service fees, interest earnings
and court fines.
Fund Allocations
Moorhead's 2011 city-wide expenditure budget is $63,349,515 with $19,996,068 budgeted for the General Fund.
The General Fund budget is apportioned to departments as shown on the chart below.
| General Fund Budget |
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These Comprehensive Annual Financial Reports and Budget Documents are available
for review at the Moorhead Public Library.
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